Hodgins Auctioneers Closes Financing
19 Junio 2012 - 4:02PM
PR Newswire (Canada)
MELFORT, SK, June 20, 2012 /CNW/ - Hodgins Auctioneers Inc. (the
"Company") wishes to announce that, subject to final TSX Venture
Exchange acceptance, the Company has closed a private placement of
5,100,000 units at a price of $0.10 per unit for gross proceeds of
$510,000. Each unit consists of one common share and one
common shares purchase warrant, with each warrant being exercisable
into one common share for 24 months at an exercise price of $0.15
for the first 12 months and $0.25 during the subsequent 12 months.
The units were sold to qualified purchasers in reliance upon
exemptions from the prospectus and registration requirements of
applicable securities legislation and are subject to a 4 month
restricted period. The proceeds will be used for general
corporate and working capital purposes. A director of the
Company subscribed for 750,000 units. Headquartered in Melfort,
Saskatchewan for more than fifty years Hodgins Auctioneers Inc. is
a provider of professional auction services. Hodgins is
renowned for its experienced auctioneers, award winning promotions,
dependable results and commitment to providing the ultimate
marketplace for the sale of assets by auction. Hodgins Auctioneers
Inc. CONTACT: Grant Hodgins, CEOHodgins Auctioneers Inc.Phone Toll
Free 1 800-667-2075Fax: 306-752-5702Email:
grant@hodginsauctioneers.comWebsite: www.hodginsauctioneers.com
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